Inequality keeps spiralling
At 1pm on 4 January, CEOs of the FTSE 100 top firms had already pocketed more than the middling (median) UK wage for the whole year. According to the High Pay Centre those CEOs are now on an average of £3.81 million a year, and their year-on-year rise at 9.5%, while the middling wage has gone up 6%. Broadening out to bosses at smaller firms, and near-top managers at big firms, the top 1% of UK full-timers are on £145,000 or upwards, and will have overtaken the annual pay of the median full-time worker by 29 March. This inequality is increasing, despite sizeable recent increases in the minimum...